CVC, UBS-Backed Mantra Group Starts Debt Refinancing Talks

Mantra Group, a hotel and resorts operator backed by CVC Capital Partners and UBS, has begun discussions on reshaping the company’s capital structure, including the refinancing of 150 million Australian dollars (US$158 million) of debt, the company’s chief executive said in an interview Tuesday.

Mantra Group CEO Bob East told Deal Journal Australia that the debt parcel was extended by UBS earlier this year after a sales process launched in March found no buyers that met the group’s price expectations.

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